significant continuation..., page-31

re: options or shares ???? Posted 09/02/06 19:37 - 103 reads
Posted by trade4profit
IP 147.69.xxx.xxx
Post #902332 - in reply to msg. #902316 - splitview

Of interest perhaps...

What value on their 55% of the Bau project?

With more than 750,000 ounces of gold, some serious value may be hiding here?

I mention this, because I suspect the recent breach of some fairly significant numbers may be more than just a placement induced spike...or in other words, I sense the smell of news is in the air?

I can't really see anything else that would excite the market (that's not to say there isn't anything), so I am inclined to think this may be it.

But the question remains...will they farm down to a free carry with someone, or sell it outright?

Cheers!

______________________________________________

Trade4profit,

in the most recent quarterly it said...""negotiations are continuing with the original vendor of the project (namely, gladioli enterprises) to structure a deal for an Australian listed entity to take over Chrome Corporation's obligations with regard to the project""

this then means one of 2 things. Chrome will either sell it off or farm it down for a free carry.

I would say chrome will more than likely farm it down for a free carry. why else would they be negotiating with Gladioli if their intention was to sell it off. the Australian entity may also project finance Gladioli's 45% share of the project.

Any idea what value would be placed on 55% share of the project based on today's gold prices?